Expedia Group (NASDAQ:EXPE) Upgraded at Melius

Melius upgraded shares of Expedia Group (NASDAQ:EXPE) from a hold rating to a buy rating in a research note released on Monday morning, MarketBeat.com reports. The brokerage currently has $220.00 price objective on the online travel company’s stock.

EXPE has been the subject of several other research reports. Wedbush raised their price objective on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group lifted their price target on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Cantor Fitzgerald restated a “neutral” rating and issued a $130.00 target price on shares of Expedia Group in a research note on Monday, October 7th. TD Cowen lowered Expedia Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. Finally, Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $187.00 to $221.00 in a report on Wednesday, December 18th. Twenty equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $171.63.

Expedia Group Stock Up 0.2 %

Shares of NASDAQ:EXPE opened at $182.62 on Monday. Expedia Group has a 1 year low of $107.25 and a 1 year high of $192.34. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50-day moving average is $182.23 and its 200-day moving average is $153.06. The company has a market capitalization of $23.44 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.03 and a beta of 1.84.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares in the company, valued at $15,345,000. This trade represents a 2.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the sale, the director now directly owns 168,505 shares in the company, valued at $31,198,700.75. This trade represents a 5.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,951 shares of company stock worth $5,045,310 in the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Large investors have recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its position in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after buying an additional 291 shares during the last quarter. Brooklyn Investment Group bought a new stake in Expedia Group in the 3rd quarter valued at about $51,000. Strategic Financial Concepts LLC purchased a new stake in Expedia Group during the second quarter valued at about $65,000. Future Financial Wealth Managment LLC bought a new position in Expedia Group during the third quarter worth about $74,000. Finally, Versant Capital Management Inc increased its stake in shares of Expedia Group by 299.3% in the fourth quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock worth $104,000 after purchasing an additional 419 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.